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SEC Extends Decision on Cboe BZX’s Franklin XRP ETF to Nov. 14, 2025

According to an SEC filing, the agency extended the final decision deadline and initiated proceedings on June 17, citing the need for more time to evaluate the application and related issues.

XRP

Summary

According to an SEC filing, the SEC extended the final decision deadline to November 14, 2025 for Cboe BZX’s proposed rule change to list and trade the Franklin XRP ETF. The SEC initiated proceedings on June 17 and said the delay allows more time to assess the application and related issues.

Terms & Concepts
  • XRP ETF: A proposed exchange-traded fund intended to provide exchange-traded exposure to XRP, subject to regulatory approval.
  • Proposed rule change: An exchange’s filing requesting regulator approval to list and trade a new product, such as an ETF.
  • ETF: An exchange-traded fund; a pooled investment vehicle whose shares trade on exchanges and track an underlying asset or strategy.